' - . . X ,Tai I.' ..diiMM.iB .b at. OODIiARDBR HASEKTV, ... CLEARFIELD, PA. . BtTABtltMBO IB ttT. tUUV Clicalrtk at" any Xew.papar U BarU Central FeteaaylraaU. Tenni of Bnbaoription. ?f Mil 1 ndvnaon, e wlthla I monthe....t9 OO r mid after " "oaths h. S SO U paid after tin esplretloa t I months.. 9 OO ' ' : Bates ot Advertising. 1 mini advertisements, per square of 10 Hum or lees, I time, or less.................. i oo For tub subsequent lnertlon.........., A AJatnlstrators' sad Exooators' aoiioe.....,. I At AAitori' settees.......... ......... I AO Ceuttoas nnd Kitrays.., 1 AO pUiolutlo. notice... t 00 Professional Cards, A lines or less,! jnr.... A 00 lottl aottees, per lint 10 .YKABLT APT BttXIHEMENTR 1 square. 1 squares.... ...t oo I 1 eolumn. ..$11 00 ..II oo -SO 00 ) eolumn.., 1 eoluma... 4A oo (0 00 Job Work;' " . BLANKS. , ' gtiigw quire- AO I 0 qulree,pr.qulre,H Ti I quires, pr, quire, I 00 Ovor , por quire, 1 AO .. j HANDBILLS. A sheet, 21 triers, fl 00 U sheet, IS or less,$A 00 I shcoLiAor less, 8 00 1 X ,hoet,16 or leu.10 00 Over 15 o( neb of tboro at proportionate rates, - OR0R8R D. QOOULAKDER, U BOUGH lUUEttTY, Publishers. SHK I - Cards'. MM I. 'U.T. - - BAU1SL W. 'CLUDT. ; MoENALLY & MoCURDY, ' ATTOUNEYS-AT-LAW, Clearfield, Pa. e4r-L.r7 bu.inees attended to promptly with I l.lily. OOoe o Second street, abore the Firit National Bank. 0:11:71 wiujatt A. tiutci. mam ruLDisa. WALLACE 4. FIELDING, ATTORNEYS. AT. LAW, Clearfield, Pa. gap-Legal business of all kinds attended, to wilA promptaera and tdellty. OBoo in recidenoa mf William A. Wallace. Jenl:7l Q. R. BARRETT, , Attorney and Counselor at Law, , clearfield, pa. laving resigned hie Judgeship, naa reeomed tat practice of loo law in hia old oflot at Clear told, Pa. Will attend the eonrto of Jefferson and Ilk oonntiM waea specially retained la ooanaotioa with reotdeal counsel. 1:14:71 WM, M. McCULLOUGH, ? ATTORNEY AT LAW, - Claarftald, Ps. rOla an lUln in WotUra HoUl kalkllnf. Lal kuinau prompllr altoadid to. Rtal oouto Voaght and mid. . . . Joll'Tl . T. H. MURRAY, ATTORNEY ASS 00CX3EL0R AT LAW. Prompt attention (Iroa to all legal bnilnen entruetod to hi, eare in Clearfield and adjoining eoaatiei. Ofico on Market et., oppofito Nanglo'i intrj (ten, Clearleld, Pa. Jell Tl A. W. WALTERS, 7 ATTORNEY AT LAW, dawrHaU, Pa. taVOOee la the Conrt Hoaat. ' ' doU-l H. W. SMITH, A.TTOBNEY-AT-LAW, lliliri ' ' riMrleU, Pa. WALTER BARRETT. ATTOKNEY AT LAW. . ObVm ea feooad tit.) Cloarield, Pa. t11,M IttKAtL TCOT, ATTOBN KY AT LAW, Claarfleld, Pa. i0ea ta tae Court Home. - Jjll.'CT JOHN H. FULFORD, ATTORNEY AT LAW, CUarOold, Pa. ea Market St., arer Joatpk Bhewere' Oneerp etore. . . JanJ,l87J. JOHN L. CUTTLE, ATTORNEY AT LAW. :-Ad Real Eetate Aent, ClearflnU, Pa I OBea ea Third ttreet, bet. Cberry A Walnat. I OrReipeetfally offeri bli eervlote la celling sad buying landi la Clearfield and adjoining oantioa and with na eiperlenc el OTtr twentr are ai a nrroTor. lattert himeeir that he ean fcoier latlefnetloa. - Feb. 183:tf, U. BLAKE "WALTERS, ESAL ESTATE BBOKER, are nau-an la jaw IaOgft and Liumber, CLEARFIELD, PA. bAo la Vaaotto Building, Room No. 1. 1:S:T1 J. J. LINGLE, TTOKNEY-At-LAW, Lai ' Oaceola, Clcarfleld Co., Pa. J fi ROBERT WALLACE, "ATTORNEY-AT-LAW, FallacetoB, Clearfield Couuty, Pena'a. IvAII legal business promptly atundM to. O. L KREBS, Bueeossor to U. B. 8woope, Law and Collection Oftice, Ntl.l'tl. CLEARFIELD, PA. H. Orris, C. I. Alexander. RVI3 A. ALEXANDER, ATTORNEYS AT LAHr, ... . JKIlefonla, Pa. sepll,'tt-7 J. 8. BARN HART, ' ATTORNEY AT LAW, Belle&at. Pa. I HI ametlea la Clearteld and all of the Coarti of ke tAth Jeidkoial di.trieu Real oelate baiinees kdaellMtioaoralaimsmadesBoelaltUa. al'TI CYRU8 GORDON, ' lallOBNII AT LAW, Market street, (n-rtb tide) Clearleld, Pa. Jut" All legal business promptly sttend.d I aa. M, '71. .... DR. T. J. BOYER. PHYSICIAN AND SDROEON, OSes a Market Street, Clearleld, Pa. W-Oflsa beam t te 11 e. m., and 1 U 0 p. m. H B. If. SCHEURER, E0MIB0PATDI0 PUTSICIAR, aMes la Masoale Balldlng, April M, lift. .. , Clearleld, Pa. iu7vV.-A, MEApT8, . SfSlCIAS . spuoeon, LCTOERRBCM, SI. Mpr.fMtonal calls proaipUy. aaglO'M J. H. KLINE, M. D., HY8ICIAN k 8UBOEON, iTATINa omud nl Pnatdd, Pa., offers his II prereien. eertieee to the people of that f udsarroaadiageoanlry. All cells promptly net. la tr. J P.3URCHFIELD, y . oea ntegimeai, nn.i;imii. .r v " '"''t retara.d from the Army, J r? .' 'rooaaloaal serriees ta tkaoitlstas loarl.U .oanty. n --"""oeaieaus aremptiy atteavea so. ea luuj . . i i . . .week lormorijoeowpiN 4'- (apr,'0tU JOHN DTHOMP80N, 'Was of the Peaea tad Berlrwef, . . . C,nronTUU, Pa. n rlirriliri m pwdt iiwnr.To. eilARFIELD QOODLAJSfDEB & HAQEBTY, VOL 47-WHOLE NO Card. JOHN A. GREGORY, COUNTY SUPERINTENDENT, OIBo. In the Conrt II.om, ClaarBeld, Pa. Will alwaTB be ffnnn.1 k ,u- f lorn FRIUAV and 8ATLKlAV of each month. l:i otiowoma . .... n. DiTiicannr H0LLOWBUSH & CAEEY, BOOKSELLERS, Blauk Book Manufacturers. ' AND STATIONERS, 319 Market 81., I'Mlndelphla, .Paper Flour Sacki and Page, Poolicnp, Letter, Note, Wrapping, Curiam and Wall Papere.' . ehl4.1ll.rpd GEORGE C. KIRK, " Taitlee of th Pa, Bunreyor and CooTfjkvneer, Luttiertiburf;, Pa AllburlnfM In t rutted to him will b nromntlr Attended to. Penoni wifliiojr to employ 8ur revor will do well to aire him m he flutter! himself that be ean render utiifaction. Iteeda of oooreyanoe, artielei of agreement, and all Ipftal paper-, promptly and neatly executed. t20oov73 DAVID REAMS, SCRIVENER & SURVEYOR. - Lutheraburg, Pa. . FT1HE mill to riber offere hia erviori to the publle JL in toe capacity ot Borivener and burveyor. All oalli for unrejrln(t promptly attended to, and the making of drafti, deedi and other legal ioitru menU of writing, eieeated without delay, and warranted to be oorroot or no obarge. JS)ja73 J. A. ELATTEN5EEQEE, Claim and Collection OlTice, OSCEOLA, Cl.ar0.ld Co, Pa. Unt-Conreranelnt and all lrgal pasm drawn witb aoenraoy and di.pateh. Draft, on and pas sag, tickata to and from aay point In Europe prooumi. oeurenm E. A. & W. D. IRVIN, aaaiEno n Eeal Estate, Square Timber, Logs AND LUMBER. OBee la n.w Comer Eton building. ; aoTti 7i I'nrweneviuo, ra. aa. lLaaar..n..a.irnT ai.aanT.....w. AL.anr W. ALBERT & BROS., llanufactureri A eiteaeir. Dealeraia Sawed Lumber. Square Timber, &o.( . WUUULAJIU, fCfid'A. -Order, aolleiled. Bills Hied on short notice ana reoeonaoie terms. Address Woodland P. 0., Clearlrld Co., Pa. Jeli-ly W ALHKRT A BROS FRANCIS COUTRIET, MERCHANT, PrCBcbTllla, Cl.arfleU Cennty, Pa. Keeps onitaatly oa hand a full assortment of urj uooas, llaruware, urooeries, ana .rerytotng nsnailj kept la a retail store, which will be sold, for eaeh, as cheap as eleewbere la the oeifltr. Jrencnrllle, 4 una 17, l0J-lj. ' THOM A8 H. FORCEE, piALta i GENERAL MERCHANDISE, uatHAaivn, fa Also, eileniiie manufacturer and dealer In Cquare Timber ana bawed Lumber of all ktnaa. JrVOrders solicited and all bills promptly lied. Jylfll CHARLES SCHAFER, LAGER BEER BREWER, . ClenrEeld, Pa. HAVINO rented Mr. Entree' Brewery be hopes by strlet nttcntlon to business and the manufacture of a superior article of JlfcKK to reeeire the patronage of all the old and many nrw customers. ailSeug?! J, K. BOTTORF'S PnOTOGSAPn GALLERY, Market Street, Cled'teld, P. X-CR0M09 MADE A SpL'CLTr.-l EQATIVE8 made la cloudr as .! as in elear weather. Constnntlv on hand a TnUu amortment of FRAMES, BTKREOHCCjTES and STKRK08COPIC VIhV8. Frainei. from any trie of moulding, maUa to order. pr28 tf JEW. SCUULKR, BAEBEE AND HAIR DEESSEE, Second street, atst door to First National Bank, T'Tl ClcarrlrM. Pa. JAMES CLEARY, BAEBEE & "HAIR DEESSEE, SECOND STREET, Jy23 CLE All PI El. II. PA. REUBEN HACKMAN, Heuse and Sign Painter and Paper Hacger, . Clearfield, Pena'a. Vm-Wlll eiecnte lobs la bis line promptly and In a workmanlike manner. arr4,07 Q . H HALL PRACTICAL PUMP MAKER, BEAR CLEARPIELD, PENK'A. W Pumps always on band and made to order on short notice. Pipes bored on reasonable terms. AH work warranter! to render satisfaction, and dellrerad If desired. mylA:lypd E? A. BIGLER 4- CO., BALBRI IS SQUARE TIMBER, and maaufaoturers of ALL Ml MD9 OP BAW ED LL HBIiR, I-7T1 CLEARFIELD, PENH'A. H. F. N A UGLE, WATCH MAKER & JEWELER, - ;an4 dealer la - WatchcB, Clocks, Jewelry, Silver and Plated Ware, &c, Jelt'7! CLBARFIELIJ, PA, paltOHKT At CO.-B RESTAURANT, Bceond Street, CLEARFIELD, PENIf'A. Alw.t. oa bead. Fresh Oysters, lee Cream, Caadlos, Nets, Crackers, Cakes, Cigars, Tobacco, Canned Fruit., Oranges, Lemons, and all kinds of fruit in season. WBILL1ARD BOOM oa scene i noor. Tilt D. HcOAUOHKY A CO. TROUTM A X. Dealer la all kinds of FURNITURE, Market Street, Oat door cut pott Offloe, aagU'TI CLEARFIELD PA. I Jill HUB AM, . , .itt r itrnrniTi LUTIIESSPUR?, PA. !..( f,.e the A Tier loan Double T-Jrbin. Water ..4 liineiA Atalkach Wheel. (Jan fur- Bisk Portable firiit Mill, on short notion. JtI1'71 HOUSE AND LOT I' UK balri The House and Lot oa the oornerof Mar ket and Fifth etieeta, ClearOeld, Pa., Is for rsle. The lot contains aearly an acre of grourd. The honsa Is a large double fraioo, auntaining nine rooms. For t.rma and other InformeUon apply to Die subscriber, a the Tost OBco. Publisher.. -' 2326. THE REPUBLICAN. CLEARFIELD, Pa. WEDNESDAY MORNINO. JUNE 25, 1871. Oratory Superseded bj the Press. lion. Daniel Loughorty,inarocent leoturo on "Orators and Oratory," at Washington, D. C, is reported to have flid : "Modols of American eloquonco aro drawn from spot-dies mndu in Con gross, and though the ropublto in yot young, ahe has produced attplendid uariianionutry- apecono aa rn h, found is the aruliivcs of nnv Govern mont. But tho grand days of oratory are gone forever.' It is not improba ble that tho toeming futuro may give birth to thoRe whose ronnluniiont iron- ius will dt'scrvcdlv rank them amnnrr trio unmoriuis oi 1110 pant. 11 lit, In L- ! l r i . .. O tuese lauur aays there bat oriKcn a powor mightier than an army of ora tors a power that hat destroyed their innuenco, awanea tuoir gonius, and lowerod thorn to the lovol of ordinary mortals ; a nowor that can banixh tings, destroy dynasties, revolutionize governments, embroil nations in tri nmphant or disustrout wars, and. for good or ill, change the aspect of tho viviiizeu worm. "The glory of the orator sink when the printing press arose. The orator at best can speak to thousands; the press, to hundreds of thousands. Tho orator opoaks rarely the press, every day. 1 he speech dies with the sounds tbat gave it birth tho press livet for ever on the imperishable page. Let us hope that the press may be faith ful and pure, devoted to truth, right, justice, freedom, and virtno, as tho orators have been. If the press gloat in licentiousness, if it stoop to strike the private man. if it exposo to the pubho gase the sacred privacy of homes, if it violate oil decency in thrusting gonlle woman to the gossip of tho town, if it catches at idlu rumor or enviou tongue to mnlign tho Inno cent, if it can be bribed to suppress the truth or circulalo the falbo, if it snieid the nublio wrong doer or de nounce the faithful pnblio servant, if it pander to tho baso prejudices and passions of the populace, then wo may grieve that this great engine should work such mischief in society. "If, on the other hand, its mission be to disseminate intelligence and truth j to educate the massos to be faithful to their country and just to their foliow-man j to expose with an unsparing band to pubho execration the correct lecinlature or the uniust judgo; if it be honestly independent, instead of timidly neutral, in all that concerns the city and Slate; if it lift up modest and truo worth, and hurl down brazen infamy; if all itt uims be the pnblio good, the honor of the nation, and the glory of God, thon we may well be reconciled that the days of oratory are over." ' Thermometrical Facts. The use of tho thermometer lias added greatly to our knowlodgo, and is doubtless destined to play a still more important part in the futuro. 'J'ho following facts Ihe rcudcr mny find intorcsling. Tho lowest degree of artificial cold that has rot been pro- dued is one hundred and scronty ejght zcr0, n0 hsrdest tiling to rrceze is tC.'bonio wl"ch ro- quires a tomperaiy."? r one hundred and forty cight below ."." At forty below xero mercury frcegci; "-"uUliis isulso the nvcrngo winter tempoi'2v."r at -Sova Zombln. The averugo tem perature of tho year round at tho North Polo is thirteen below zero. Halt water frcC7.es at fourteen abovo ; wine, at twemy abovo; blood, at twenty-five ; vinegar, at twonty-sev-en ; ruilk, at thirty ; water at thirty two. Alcohol boils at a hundred nnd seventy-three. On the summitof Mt. Iilunc, water boils atone hundred and eighty-two; on the summit of .Etna, at one hundred and ninety-two ; at the Catskill Mountuin House, at two hun dred and six j on the surfuco of tho earth, at two hundred and twolve. At two hundred and thirty-two sul phur molts, and at throo hundred and twenty-two petroleum boils. Tho temperature of the ocoan, at a few hundred feet below the surface, never changes, but stands at about forty Ave Uie rear round. Tho intarior of the earth, however, grows warm aa wo descend. The temperature at the bottom of an artosiun well, one thous and tlireo hundred fuel dorp, isseven-ty-tbreo; but tbero ate somo mines, not more than one thousand feetdeop, where the temperature begins to bo oppressive, and the thormomoler marks soventy-fivo. The animal beat of various creatures varies remarka bly. The maximum lical of man's blood is one hundred and two : but of dueks and guinoa-fowls, one hundrod and nine; and if you wish to batch hens' oggs in an oven, the proper tem ernture is one hundred and five. Tho highest point which the moroury reaches in an ordinary situation, in the hottest part pf tho East Indies, is one hundred and fifty-four; at which point also the morcury occasionally standi in the engino room ol iteamthip. Such are a few of the facts which the ihormomuUM" reveals. It has be come ono of the most indispnnsahlo and universal of all instruments. Thoro are evon pockot thermometers, at well as a thousand curious varieties of mantel ornaments, for which a ther mometer furnishes tho excuse. A Nice Llttle Job When Bon Butler purchased soma months ago three hundred aoros of land near Washington City at one thousand dol Inra an acre nconlo rcinrdnd tho act aa a i.arf Biicoulntion. But Butler know what he was about all the timo It now appears that tho commission erg appointed to toloct a tlio for a new Presidential palace have delorminod to recommond thepurchaaonf this tract. Of course Butlur will have to share the profits of the job with others, but it will, no douht, bo ms.de reuecta ble iel, and profltablo to all cv" cernrjd. " I ' Jril ifil.a'XH . - PRINCIPLES) CLEARFIELD, PA , WEDNESDAY, JUNE 25, 1873. THE STATE FINANCES. A DEFALCATION OF $2,988,1641 Speech of EON. JOHN H. 0EVIS, Of Centre County, Oelbered in the House of Rosre senteMns en Tuesday. April t, 187). Mr. Speaker I would hove pre ferred, if time had permitted, going into committee of the wliolo where amendments could bitvo been offered and discussed in tho ordinary vtv But the gentleman haviiiir charire of this bill hus stated that tho sumo latl - t,l1 Srnnlrl bo allowerf In tho fiduA. a in the committee, and I nvnnnsn in nny nuw wiiui i nave to say in opposi tion to this measure, flod the sentle- , . t . ' . . men on Ibis sido of the houo seen fit to interpose mo ordinary parliumon tary obstacles in tho way, they could have prevented its consideration dur ing this sossion, for it stood so low upon the calendar it could not have boon reached in order, and I assert they would hare boon perfectly justi fied in so doing, and that the re- sponsibilily for not complying with tho requirements of tho constitutional amendment ratifiod at the lust roner. al eloction would have rested upon the majority in thin house The njinorty, uowever, nave aotormined not lo pre vent the passaeo of some act to nrovido for the election of a state treasurer, but to hold the maiorilv resnonsibln before the peoplo for the propriety of na provisions, i wo years ago a joint resolution to amond tho constitution of the state, changing the method of oieoung tne stato treasuror was passed by both bonses in response to the un doubted opinion of the people that a radical change was required for the public good. That resolution was aguin passed at the last session of the legislature, submitted to a voto of the people, and ratifiod by the unprece dented voto of 01,00 for and 4.393 against it. e "may say it was the unanimous voice of tho Dcoule that the chango should be mado. No chance in Ibo fundamental law of the state was ever made by so nearly a unani mous vote as was this. , In obedience to this mandate of tho sovereign people of Pennsylvania a gentleman on this sido of the chamber, the gontleman lrom Westmoreland (Mr. Latta), early lo the session, on tho 22d of January, read in place a bill to provide for the election of a state treasurer by the people, and it was referred to the general judiciary committee. This bill provided for the election to Uke place on trio third 13 J n mar . ... rax T.Bf mpjrlhunsni;. duties of his office on the first Monday of May next, when tho term of the present treasurer expires. The bill contained other provisions made ne cessary by the chango lo the constitu tion. The committee, composed of a large majority of republicans, instead of promptly acting upon the bill which was ol tho first Importance to the peo plo, and amending it to suit their ideas of right and propriety, if any amend ments' were needed, hold it without action for four full weeks, and then reported it buck to tho house with a negative recommendation, which put it in such a position as not to bo reach ed during tho session, ns will appear by reference to its prosent place upon the calendar. Tho ninioritv of tho coinmiltco offered no substitute for it, muJo no amendments to it, but simply negatived it, and from that timo until the present bill was recently introduc ed no notion hus been takon by the ma jority party of this houso lo comply tho mandate of tho people as ox pro.'eu 'n tho recent amendment to tho conr.!it'',on- There can be no question in tu oi of any sensible man hut that it w '' Intention of tho pooplo to elect a ;.-c:urcr who Should assnmo tho office at Jh P' rution of the present term. The so- lion of tho majority in this house and in tho senate in thwarting tho wishes of the pooplo in this regard by failing to provide for tho election of a treas urer before tho expiration of tho pres ent term was in opon contompt of tho unanimous dosirt and demand of tho pooplo of the state. Thore were no reasonable objections to the provisions of Ihe bill introduced by the genllo man from Westmoreland. It provid ed for a special election upon tbo day when four firths of tho counties of the slute held their spring elections. The extra expense enluilcd upon these counlios which had no election upon that day would bars amounted to 1.20, 000. The only exouso I haro heard for not passing that bill in the early part of tho sossion is that tho cost to the pnblio would bo so great as not lo justify it, And yot in four-fifths of the counties ol the slato no additional ex pento would have been en tailed. I do not know tho answer tho majority of this houso will make when they return lo their constituents and are asked, why did you not comply with tho spir it of the amendment to the constitu tion so unanimously ratifiod f I do not know what apology thoy can make for violating this amondmont to tho constitution in the first year of its ex istence, fn rofusing lo permit the peo plo to oloct a state treasurer. Tho provision of this bill continuing the present incumbent lo office lor a full year after tho expiration f his pres ont term, is a plain, opon and palpable violation of the requirements cf the amended constitution, It may be woll enough, Mr. Speak er, to look into tbe manner of conduct ing the treasury department for tbe last fuw yours and see what brought tho pooplo to tho temper whioh induc ed them to unanimously to reqire a change In the modo of electing tho head of that department. Possibly an inquiry in this direction will also explain why tho puny In power to ev idently wished to pqsipqn action upon this suhjuct until thjs late day, and thus prevent inquiry into tho condi tion of tho treasury. I propose to call tho attention of the houso to some figures, and I will oil I upon those members who aro recognized as lend ers of the majority hero to explain, opjo of ihefo f gur and account for SREPUB NOT MEN. tbo discrepancies and Inconsistencies which appear in them. I especially Invite thegentloman from Tioga, (Mr. Uitcboll) the chairman of the ways and means committee, which hns spo ols! charge of the finanoiul interest of the oominonwoahh, the genlloman from Franklin, (Mr. Mahon,) chair man of tho judiciary genoral commit- k'6, to which this bill was rcfetrcd, And tho gentloman from Allegheny, (Mr. Newnieyer,) who now occupies thochair and has special charge of tho bill horo, and any other monitor who chooses lo represent the mujority on una quosuuri. j un mem to explain i here the fiuures to which 1 shall call 'j'ieir attention, taken from tho official rocorus or the mule, and not wail until tho legislature has adjourned and then allcgo through the newspapers of the commonwealth that it is moro politicul talk. There will appear somo singular figures of which the poo plo will require an explanation, I do biro first to call tho attontion of tho house lo the condition of tho finances of the state on tho first day of Uccom bor, 1 800. In the last nnnual message of Govornor Curl in to the legislature in 1807 this statement is mado con cerning the publio debt of the com monwealth : Public debt Dec. I, ISM $3r,476,15i tt Amount paid during tbe year, end ing Not. ,10, 1 butt I i per oent. loan. 1,128,523 IS 4) per oent. loan 16,000 00 Hciicf notes 0'0 CO Domestw ered. oertif. It OA 1,854,50 (0 Publio debt Dee. I, I'M..... 136,825,051 It 1 wish particularly to call the at tention of tho members of tbe other tide of the houso to this statement of what tho publio dobt wat on the first of December, 1800, $35,022,002 16, as tne accuracy ol these figures becomes must material as we proceea in our in vesiigation. An itemized statement oi this debt is also givon as follow : Hit per cent. loan. 1 40t,t.10 00 Fi.e per cent. lo.o S1,07,IM At Four and a bslfo.r cent, loan 11.1 luo so on per oent. loan military, per act or may id, ioni ,........ Relief notee in circulation M... Intercut oertitcates outstanding.,.. Internet certificates aaelaimed Oomeslio creditor. MrU0atoa.n.. 1,820,710 00 ,2i Ot IS.0S4 61 4,448 AS 110 11 Making tho sum of the nublio debl. funded and unfunded, interest bearing and non-lntorest bearing, at that day, S35,G22,052 10. These figures will be iounu in toe coventor s messss-o. ex ecutive document, vol. 1, 1800, pages 3 and 4. Now, to verify theacouraoy of this statement, 1 wish to call the attention of the house to tbe report of uo .uuiiur general lor toe same year, so that It may not be alleged thai those statements in tbe message of Qorernor Curlin were ontruo. This Mme...Mnnt Af the, .mnnnt einrl character of the pubho debt on tbe 1st ol Uecemlior, IsOU, will bo found in oxeoulive documents, vol. 1, pago 234, in the report of the auditor eeneral. John F. ilartranft, tho present chief executive ot tne commonwealth. This statemont is also verified by the annual report of Wm. II. Kemble, the thon state treasurer. There can bo no doubt, thoiefore, of tbo correctness of this statement, unless tbe heads of ail tho departments of the state gov ernment ilelihorutely falsified the rec ords in stuting thoumount and char acter of tbe public debt at that timo. 1 wish the house not to forgot this, tccuuso I will call tho attention of the members to a subsequent delibcrato falsification of the records and ac counts. In the January following the torin of office of Govornor Curlin expired and his successor was Inaugurated, on the 2d day of Fobrunry, 1807. Gov ernor Geary approved an act passed by tho legislature providing for the negotiation of a now six percent, losn of twenty-three millions, in order to tako up twenty-three millions of the fire per cent, loan then overdue. This act was passed by tho dominant parly, and (or its wisdom or folly that party is alone responsible. It is truo thul $'.'3,0(10.000 of the public loan v?s cverduo, and if tho creditors of tho staiC r'CJuircd payment it was not only tho rig'iii the duty of tho commonwealth to in."!.??!" its credit by redeeming this ovctduo JoAP. which could thon only be dono by nogCt'l nig ft new one. nut the creditors Oi tho commonwealth did not dosiro the five por cent, loan to be taken up, and as evidence of this, ft is only necessa ry lo refer to the famous correspond ence botween the then state treasurer and August Belmont, the agent of the Holhschilds, who represented a largo portion of this loan, and to tho protest entered by the capitalists all through the country agnlust having their flvo per cent, bonds redeemed against tbeirwill. We have never heard from any tnomber of the majority party any justification of that item of their riuunciul policy the negotiation of a loan of twenty-three millions at six per cont. to rcdeom ft losn of twenty -threo millions' bearing five percent, interest, against the withes of the boldors of that loan, thus annually in creasing tho interest of tbe public dobt $230,000, by which the taxpayers of the state bavo already lost M,JU,UU0. Tho act before relorred to, approv ed February 2, 1807, provides, among other things, "that tits governor, au ditor general and stats treasurer bo and ant hereby authorized and eia poworod to borrow on the faith of tho commonwealth" $23,000,000. It wat a special commission created, consist ing of these three prinoipal officers of the state, to borrow this amount of money on the faith of tho common wealth, and apply tt to the payment of the bonds and oortificatei of indebt edness of the stato and for no othor purpose, for the act further provides that "tho proceeds of tbo whole of which loan Including premiums, etc,, received on the samo, shall bo applied to tbo puymont of the bonds and cer tificates of indebtedness of this com monwealth." In fact the legislature couiu not have auihorizea tuoin to ap ply tho proceeds of this loan to any othor purpo.0, under tho provisions ol me amendments lo tho constitution nf 1H.17. tthi,,li limit Iho nnvrnr of tho; ............ . j l. !. .: ',1 o.o u tiMitrau. uuuta hi .hub. j neuco to that nnrnoso. oxrcDl tho smtiU I amount of $750,000 i cover casual d'iS' its !n tlio irewary. l'uring tint NEW year the whole twonty-tbree million loan was negotiated, and we ought to presume it wss honostly and faithful ly applied to the paymont of tho pub lic dobt, as it could not constitutional ly or legally be applied othorwiso. Tbo only chango mudo in the condi tion of tho finances of tho state was the substitution of one loan drawing six per cont. interest for ft loan of the same amount drawing five por cent, intorest, and of course did not increase the principal of tho publio debt. In order thnt every ono mny underslnnd fully the financial transactions of 1807. I will hero give tho particulars of the sales ot tbo now loan, tho redemptions oi tho old anu the amounts of promt urns ana interest received on the new 1 J "1i Vl H t tp. AS. A It a a s s ti t s i i ! M M U ! ! j i 3 S 3 i 3 2 JJJjjjjJJJJ s I S 3 S S ii e k a. 5 ie m Of the amount of loans rodecmed during this year the sum of $1,794,644- au was rodoemea by tbe commission en of the linking fund, and was not therefore paid for by any portion of ins proceous oi tne sale ot the new loan. This left only $19,124,18.") 89 of the old loan redeemed daring the year, with the proceeds of tbe new, thus leaving $3,875,814 01 in the bands or the commission created by the aot of February 2, to be subsequently ap plied to the redemption of the old loan. which we have a right to assume was honostly done. In the flint annual moss see of Gov- ernor Geary made to the legislature in January, ISO'S, no commoooet bis financial staloment by giving the pub lio debt on the 1st of December, 1866 at .ja.ozz.uDz it. ibis statement will be found in executive document for 1867, pages four and five. In this message, mark you, Governor Gearv to tho amount of tb'e 'publio dobt outstanding at tho end of the one, and the begining of the other ad ministration. Hut without one word of explanation, be immediately fol lows it with the following itemized statement i Funded debt, vis t S per oent. loejis...,SII,IS0 00 A per oent. loans... II, .04,016 It 4. por cent-loans... 176.lH)t 00 37,60,!0 10 t'nruuaea ueoi, vn I Relief note... ....... 8D,5i At luterest certificates outstanding M 13,090 6 Interest eertincatce unclaimed ' 4,441 38 Daaicstie credit cer tificates.,... 44 (7 ' ' . 114,504 17 TuUI amount eatitundiag &)7,;e4,400 77 In tho next annual message of the govornor we have tho financial stato- niont ending with this declaration: "liy tho report of Iho commissioners of the sinking fund for the year end ing Septombcr 3, 1807, the loans ro deemed amounted to $1,794,509 50, and by their report from September 8, 1807, to November 80, 1808, the loans redeomcd amounted to $2,414,- 810 01, msking a total reduction of the slate tloht In two years and three mnnthsof $4, 200,380 14." Tbe finan cial statemont ending wilh this quota lion will be found on pages four and five, executivo documents, 1808. In order to prevent any confusion as we prococd 1 will stato that a discrepancy exista In Ihe above statement of loans redeomcd fn 1807 of $75, is compared wilh the stattmontof thoauditor gen eral for tbo same period. This con lifted of a domoslio creditor's cerlifl onto rotlcetfed (in favor of Thomas Fishor) for $75, "Mch was no doubt accidentally omilloj b Governor Geary. By Including thin IJm the real amount rodoenied during 18C7 y tho commissioners of the sinking fund would appear lo bo $1,794,64150, in stead of $1,794,509 50. The true amount is shown by tho auditor gon ers I's report for 1867 In e.xocutivo documents, 1867, page 206. We now come to the third annual message of Governor Geary, in which the financial statement concludes witb this rcmarkablo statemont: At Ihe commencement of tho prosent admin istration in January, 1867, the total outstanding indebtedness of tho stato was thirty sevtn million, M'CH hundred and four thousand four hundred and nine dollars and teventy-iHVtn. centi. Since then and up to Novembor 30, 1809, tho turn of four million, eight hundred and ninety-nine thousand, eight hundred and tixty eight dollart and tighty-tteo centi, have boon paid, and at five por cont. Uio sum of firo hun dred and forty-four thousand, four hun dred and nine! y -three dollars and fortu- four cents in interest it annually savod to tho commonwealth. Consequently tho total amount of tho indebtedness or the common wealth on Novembor 30, 18C9, was thirty two millions, eight hundred and fourteen thousand, five hundred and forty dollars and ninety- fiveeents. The reduction during lbs year onding sovomuer ou, tsuu, amounts to four hundred and seventy two thousnnd four hundred and six dol tars and eighteen crnf."This statement will be found on pago 6, executive doc uments 1800, The financial elatorrjcnt in the fourth annual message of Governor Goaiy concludes as follows: 'On the lith day uf January, HOT. the totalis- dUcdn.ss of tbe .late wee AVI7,704,4lt.7T. Since then nn.l nn te November AO, IB70, the enm of t,6D?,747.l7 has been paid. Tbe rrduction du- rtne th.yearnnding November HO, 1870, is pl,701f. sr o.s." This staloment. will be fonml on. psT) 6, cxtmUvo dytiinonfi ifT" a-y.'t. mm 1 0 TEEMS $2 per annum in Advance. SERIESrVOL. 14, NO. 26. In the last annual message ot Gov ernorGcary to the prosent legislature, a summary of the financial policy of nis administration is tnus given ; "During the last sis years paymsntt aa tbo ewut nave oeen made as roliows Amount paid in 1SC7 Amount paid in JSfls Amount paid in ISSt Amount paid In 1S70 Amount paid in 1S7I $1, 794,041 AO I.4I4.8IS t4 471.4114 IS 1,702. Hill 06 1,ISI,60 17 Amount paid la 1871 1,47,S1 00 Total payments , ...tiO.Wl.tSi 64 Being a little ever tiMHty-niN ftr cvnl. on tbe debt due December 1, 10, wbiob was tbun $37,704,100 77." . -. iiiusln three annual messages to tho legislature did Governor Geary announce to tho peoplo of this com monwealth that tho publio dobt at tbo beginning ol his administration was $37,704,40077, whan in truth and in facet as shown by tho public records oi tne time, it was only oD,U22,Uo2 10. j ho author of thoso messages is no longeron earth, and no should not charge tho falsehood con tamed in thorn to his account, but presume lie was not nimseit responsible lor them, that those figures were furnished to him by officers in tho treasury depart mont or in tbe auditor general's office, and that he was Imposed upon, and lod to beliove the statement lo be true; at least Ibis is the most charitable view wo can tako of it. In this last message tho governor slates the total payments during tho last six years were $10,992,002 54 which, if true, would have rcducod the publio debt from $35,C22,052.10,whicb il was on the 1st of December, 1800, to $24,G29,389.G5, on the 1st day of isecomoor, lz, instead of leaving it oo tuat uay r-xw.wi oa, as the gov ernor states it was. Here we find a discrepancy unaccounted for of $2,074.- 105.02; that is, during these six years the officers in charge of tbo treasury of tbe stato, who have all been of the dominant party, have asked for and received oredit with paying $2,674,- luo. oi oi tue public debt more than the debt bos been reduoed during thul time. In other words, from Decem ber 1, 1866. to December 1. 1872. the publio debt was reduced from $35, 622,052.10 to $27,303,494.64: a total reduction of $8,318,557.52, while dur ing tbat same time the different state treasurers have been credited witb paying $10,992,602.54. To cover up this defalcation, tbo guilty parlies had to resort to a falsification of tbe reoords and this wss deliberately done by staling the nublio debt on the first of December, 1860, to have been more than two million dollars Arrester than it actually was. Now I challenge the gentlemen on tbe other sido to explain or excuse this fsUification of tbe ro- account for the wonderful unanimity with which tho people domanded a change in tho manner of electing tho ooao oi tne treasury department. oince tho oeginuing ol Iho session 1 havo takon tho opportunity to study political arithmetic as exemplified in the annual reports of the auditor eon- oral and stato troasurcr, and I find other facts and figures as curious as tnoso already given. 1 desire to call the attention of the house, and through it tho attention of the pooplo of the state, to theso figure". I find tho amount paid as interest npon tbo pub lic dobt tho last six years exceeds the amount of interest accruing upon the cntiro debt for that timo several hun dred thousand dollars. This might fairly occur io any one particular year, as the coupons fulling duo the preced ing year may not ail havo been nro- sonicd for payment during that Tear: out this excess appearing in ono year would bo balanced hv the deUcienot' in othor years. 1 submit that during a period si long ts six years the aver ago would bo reached, and no moro intorest actually paid than would oc- oruo upon the cntiro interest bearing dobt during that period. I have made carolul calculation of tho interest upon tho publio dobt during each of mo last six years, 'lnis calculation 1 admit is not strictly accuralo, but is unduly favorublo to tbo treasury de partment, because I have allowed the merest upon tne enure amount out standing at tbe beginning of tbo year for a full year, although lurgo amounts were redeomcd during the year, whilo upon that portion of the debt redeemed during the first half of each year.only six months intorest could possibly havo been paid. Wilh this exccplion I beliove mv calculation ia ttrictlv nr. curato, and I submit It to the inspec tion of tho gentlemen opon tho other side of thobecw: INTEREST OB a VBLIC BEBf . issr. . , 13,111,181 Ot lit per ' "' "" eont lVJ.JII to 131,071,101 tt at tra per cent l,aJ,5t II $113,100 Ot mar and a half per nut ...... 1,60 i 00 .. 1,101,611 11 188. m35.Sll.180 Kelt per oent $1,111,870 It $11,104,016 lllreper cent. 106,101 It $176,000 II four nnd a hair por ooau... r,S7l $ 1,111,747 tt ' 18. 24,311. UO 04 lis per cent MH,70 II 17,748,771 AA Ivo per cent- 7,411 AT $111,000 OOfoarnnda half nor out.... 1,140 tt $ 1,111,111 ST 1171. 136,311. 1H 10 sit per cent. I,13,;0 II $7,177,314 II Ira per cent... 2M.SAI 11 $111,000 0) four and a half per teat - 1,041 Ot 4 i,r,Aii ii 1171. 125,061,760 tOsliper oent- tl, 103,181 tt 16,830,010 Jl Ire per cent 181,040 tl $111,000 00 foaranda half per oent ........ 1,141 SO I 1,781,171 II 1171. $13,349,1.11 10 sli per ..I1,400,T1T II $6,408,AIA 40 tra per $tOoToTbaraas' ... 171,411 Tl a half fer teat. 1,110 Ot -I i.trt.iti At $ I Ml 6,120 21 During sach of the foregoing years tbor was an interest bearing unfunded debl as follows, vlx: $i.1,0S M Inlereit nertlteatat outstanding. 4,443 31 Inlereat oorliSsatel unclaimed. ' 41 87 douvstie areditors eortiftcatca, , lt.f'4 77, As" thus oertiflcaUf (iave na Ao,' Km aUAohfI the iBlejPSt foplif owl, paid whs tbsy ft iuclpaf WM, at no part of th pnoipai has bo. redeemed, It (i but fair to aumim ttr no Interest has been paid1 (rtt anoount of this portion of the debt T bs' dls crepuncles between the Interest aoorfl Ing and the amounts repo ted aa paid; will appear by the following rocapllit lationi - , i iw. , ear reel . islels eVil evrrteaaivy - af sac Aeg inning e 'Ac year. 1, 800,628 41 ..... 1,181,741 N ..... 1,811,1119 IT 1,887,110 01 1,780.071 II 1,674,503 61 hkrtM I aiej . Way AMlW eluroaf at aamr. $!,Tir,tu Jt ; . i,t7i,ttt m , 1.S84161 Tt . l.H4,Slt TT i,ts6,i:a ti 1, 706,886 It HIST.... I ...., 1800.... 1870..., 1ST I.... 1871..., Total. 11,118,128 21 11,491,121 Ii Excets ef intorost paid ovor amount accruod daring the time, $275,501.83. It will be noticed that the excess lq tbe year 1807 was $150,500.95. This may be explained by saying that whon the new loan was negotiated during tbat your, coupons partially matured were attached to tho bonds and sold with them. This is proba bly true, us wo find tho troasurcr charges himself during thut year with items of "intorest received on loans," ' which aggregate $207,254.29; still this Icovos $183,251.00 unexplained. Dur- ' ing lh6 year 1872 the excess was $29, 791.83. If, as 1 submit would bo fair, we assume Ibut Iho loans rcdocmed each year, wcro on an arorago ro- ' deemed in tho iniddlo of the your, '.he ubovo calculation of tho interest act cruing should be reduced to tho ex toot of ono half a year's interest upon tho amount of loans redeemed ; as theso wcro mostly fire per cent, lonnj it would he two and half per cent, opon $10,992,002 54; this would make $274,810 50, which addod to the ex. cess before shown would make a total excess of interest puid during tho six years over tho whole amount accru ing during that time of $550,408.88. I desiro to improRS npon tbe minds of genllfmon tbo fuel that this is not a question of tbe misapplication ot the money belonging to the sinking fund, which should bavo been used for no other pnrpose than paying the publio debt, ily allegation is, that during -tbe last six years the treasury depart-' mont has been creditod with paying more both of the prinoipal ana inter-, est of the public debt than bare been, actually paid. During this time, no, new debl has boon created or author ized, exocpling tho twenty-three mil lion loan, heretofore referred to, the proceeds of which were applicable solely to tbe payment of the over due' loans of the stato, certificates issued to the citizons of Chambertburg,amoant ing to $297,377 65, and the bond rep resenting tho endowment fund of tho agricultural college for $500,000.00. In tho first two messages of gover nor Geary, tbo peoplo wore furnished wilh separate statements of the ad minislratiou of the sinking fund. During tbe next two years no such statements were contuiood in Lis mess-' ago or in the reports of the auditor' general ana stale treasurer, liy tba fifth section of the act of A pril 1 3. 1 870 ' the stale treasurer was compelled to' publish such icparate statoment, and we Lave them given In the last two reports of that officer. I found it' therefore impracticablo to give a ooay nected exhibit of the -administration' In ordetf to 'obtain the (tee'irta mtorJ mation, on the 22d of January, I bad tbo honor of offering resolution re-' questing the state treasurer to i'urm ish the bouse with a statement show-o ing the receipts and disbursements on account of the sinking fund from its.' organization to November 30, 1872- ' Statemont furnished in response to' this resolution will Da lound In tbo Legislative Journal, pago 438. By comparing this statement with tho annual reports of Iho auditor general' and slate treasurer, showing Iho pay ments on tho intorest and principal of the publio debt, wo Cud the entire sum which Governor Geary claims to havd beon puid upon the public dobt during his administration was paid by tho commissioners of tbe sinking fund es corting threo items. In 1809, 1870 and 1871, small sums were paid di rectly by Iho treasurer, but wore af terwards curried to and included in' tho sinking fund account. Tho cger)'!' cies, through which tho publio loan's , huve boon redeemed will appear from1 tbe following statement t Cerea..'.. rrr ' l7... $1,784,041.60 10,154,186.80 20,OI,S!9 SSI... !,4M,SltS 2.0(12,617.00 4,417,481.04 Iss... ilil,701.0 108,614.00 100,667.74 473,4111.14 170... 1,801,331.31 is7i... i.m.moi 1072... 1,470,320.00 1,702,878 ti 11,101,61 1,131,680.17 2,471,328.10 These Items are can led lata tho sinking fund account. If wo tako tho annual statement of' 'loans rcdeomed," "interest paid oa' loans" and "other payments" on ao countof the sinking fund, and com-' paro them wilh the report made by Treasurer Mackey, published on pago 438 of tbe Legislative Journal, wo wT(l' find other discrepancies, vis. t a, a. s 8 If i 1 in! CCS r- H a as 4 z s ei e 3 S X 9 u " s s s S S K t: i 3 g s a s & h i t 5' 5 I 3 5 ? hi I E X' t r 38. tf - - -S J a 5 8 " L "l i. "i 2 ri tt a 5 41 er- MM - . ce t ei Total payments- ;...$:l,T11,tit SO Diearepeaoy.... ,,,..111...... , 107,770 11 Those "other payments," amount ing to S23,4u4-2U, consist of the sal-' aries of the sinking fund commission ers, salary of clerks, compensation to' batiks fn Philadelphia; eoting as the flirt! sganla of the commonwealth l fiaylng it interest and redeeming lh oant, and premium paid Upon gold4 with whioh to pay the interest. What then slwul.i bavo beon tW condition of tbo publio deht on tho first day of December, 1872, the end of tho lust fiscsl year, had all the pay. ments boon honestly made as claimed and credited 1 I bare prepared two calculations, ibo first excluding tha twonty threo million loan wilh tho . t . a ! A prem-unii and .mcrcai rei-o.veu vjum - JJ-.L. ..j I,,r,M,i;.w. it tV IWU U'O BOVUim lllVIUnJ'I.BF, 11 it. ryVu"'I1.nrfpiT,,'.) ''; t.u!o4 at Ills p